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Saudi Aramco IPO
From: CHYRON (DSMITHHFX)
9 Nov 2017 00:05
To: Peter (BOUGHTONP)
22 of 25
42049.22
In reply to
42049.21
From: ANT_THOMAS
9 Nov 2017 03:03
To: Harry (HARRYN)
23 of 25
42049.23
In reply to
42049.19
Many major governments are operating a budget deficit.
They've been running a very large surplus for many years which I believe now means cash in the bank. Obviously it relies heavily on the price of oil being above the breakeven point. Which seems to be around $74 for them.
Not just SA in the middle of many wars, but it does seem very involved in a lot of conflict at the moment.
From: CHYRON (DSMITHHFX)
9 Nov 2017 14:09
To: ANT_THOMAS
24 of 25
42049.24
In reply to
42049.23
Depends on what you mean by "break even", their production costs are ~$10 a barrel presumably the rest is to underwrite the princely lifestyle
http://money.cnn.com/2015/11/24/news/oil-prices-production-costs/index.html
From: Peter (BOUGHTONP)
9 Nov 2017 21:32
To: CHYRON (DSMITHHFX)
25 of 25
42049.25
In reply to
42049.22
Looks like the characters "short-term illusion of" have done a Tory from your image.
EDITED: 9 Nov 2017 21:32 by BOUGHTONP